{"act":{"id":"finance-act-2013","short_title":"The Finance Act, 2013","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2013-2014.","act_number":null,"act_year":2013,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":142,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2013/"},"unit":"section","section":{"number":"34","heading":"Amendment of section 132B","text":"Amendment of section 132B. 34. In section 132B of the Income-tax Act, the Explanation shall be numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the following Explanation shall be inserted with effect from the 1st day of June, 2013, namely:— 'Explanation 2.—For the removal of doubts, it is hereby declared that the \"existing liability\" does not include advance tax payable in accordance with the provisions of Part C of Chapter XVII.'. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 132B.</b></p><p><b>34.</b> In section 132B of the Income-tax Act, the <i>Explanation </i>shall be numbered as <i>Explanation 1 </i>thereof and after <i>Explanation 1 </i>as so numbered, the following <i>Explanation </i>shall be inserted with effect from the 1st day of June, 2013, namely:—</p><p><i>'Explanation 2.—</i>For the removal of doubts, it is hereby declared that the \"existing liability\" does not include advance tax payable in accordance with the provisions of Part C of Chapter XVII.'.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":81,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/34/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}